HODES FAMILY FOUNDATION INC

EIN: 455579767 501(c)(3) Philanthropy & Grantmaking

WHITE PLAINS, NY

Total Revenue
$149,197
Total Expenses
$461,038
Total Assets
$451,579
Net Assets
$451,579
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
DE
Principal Officer
ROBERT HODES
Phone
5618476116
Tax Period
2023-01-01 to 2023-12-31

HODES FAMILY FOUNDATION INC, founded in 2012, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $149K in total revenue in fiscal year 2023. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $461K exceeded revenue, resulting in a 209% operating deficit.

Mission

THE MISSION OF THE CORPORATION IS TO MAKE A DIFFERENCE FOR ENDANGERED INNOCENTS IN OUR WORLD. THE CORPORATION RECEIVES AND DISTRIBUTES CHARITABLE CONTRIBUTIONS IN SUPPORT OF ANIMAL SANCTUARIES. THE CORPORATION ALSO CONTRIBUTES TO CLEAN WATER SOLUTIONS FOR CHILDREN AND FAMILIES IN AFRICA. THE CORPORATION PROVIDES PROPERTY AND OTHER RESOURCES TO FORWARD THESE CAUSES AND INTENDS TO EXPAND ITS' REACH IN ALIGNMENT WITH ITS' MISSION. THE CORPORATION ALSO CONTRIBUTES TO INITIATIVES TO STOP CHILD AND HUMAN TRAFFICKING, PRIMARILY IN SOUTHEAST ASIA AND SUPPORTS EMPOWERMENT TO SURVIVORS OF HUMAN RIGHTS VIOLATIONS. THE CORPORATION ALSO CONTRIBUTES TO DISTRESSED SINGLE MOTHERS. BENEFICIARIES INCLUDE OTHER NON PROFIT ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $149,197
Other Revenue $0
TOTAL REVENUE $149,197

Expense Breakdown

Grants Paid $461,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $461,000
Other Expenses $38
TOTAL EXPENSES $461,038

Year-over-Year Comparison

2023 2022 Change
Revenue $149,197 $599,477 -0.8%
Expenses $461,038 $130,030 +2.5%
Net Income $-311,841 $469,447 -1.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT HODES CHAIRMAN 10.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $149,197 $461,038 $451,579 $-311,841
2022 $599,477 $130,030 $1,142,634 $469,447
2021 $78,957 $575,155 $673,187 $-496,198
2020 $1,209,087 $390,116 $1,169,385 $818,971
2019 $400,000 $677,114 $350,414 $-277,114
2018 $158,000 $315,293 $627,528 $-157,293
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